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Tax guide

Lowest dividend tax countries

Dividend tax is only one slice of owner-level tax. These are the countries in this site whose current dividend-tax page shows a headline personal or domestic rate of 5% or less, sorted from lowest to highest.

DefinitionDividend tax is the shareholder-level tax (or withholding) on profit distributions. A low or zero dividend headline often sits on top of corporate tax already paid at company level — compare both pages before choosing a structure.
Corporate tax still sits underneathTreaty WHT can differ for non-residentsYour residence country may still tax

29 countries with the lowest dividend tax

Andorra
0% dividend

Bahamas
0% dividend

Bahrain
0% dividend

No personal dividend tax in the ordinary case, but confirm the paying company is not in a special oil/gas or regulated regime.

Bermuda
0% dividend

British Virgin Islands
0% dividend

Cayman Islands
0% dividend

Estonia
0% dividend

Gibraltar
Generally 0% dividend

Hong Kong
0% dividend

No dividend withholding tax; profits are taxed (if at all) at the company level under profits tax.

Isle of Man
0% dividend

Jordan
0% dividend

Kuwait
0% dividend

Liechtenstein
0% dividend

Malaysia
0% dividend

Malta
0% WHT dividend

Marshall Islands
0% dividend

Monaco
0% dividend

Oman
0% currently dividend

Qatar
0% dividend

Singapore
0% dividend

One-tier system: domestic dividends are generally not taxed again in the shareholder’s hands.

United Arab Emirates
0% dividend

No personal dividend tax for individuals in the ordinary case; corporate tax can still apply at company level.

Vietnam
0% / 5% dividend

Azerbaijan
5% dividend

Bulgaria
5% dividend

El Salvador
5% dividend

Georgia
5% dividend

Greece
5% dividend

Kazakhstan
5% / 15% dividend

Panama
5% / 10% / 20% dividend

Showing 29 countries at ≤5% headline dividend tax · Sorted low → high · Not tax advice